Client Alert

Save Money And Reduce Taxes With A Charitable Remainder Trust

Whether you want to donate money as a budding philanthropist, avoid taxes or diversify your investment portfolio, Charitable Remainder Trusts (CRTs) can be a good way to accomplish all three goals at once. Before creating a CRT, it can be helpful to have a basic understanding of how they work and the terms. An Overview Of Charitable Remainder Trusts When you create a CRT, you will first choose the trust’s […]

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Client Alert

Two Ways To Minimize Estate Taxes In 2018

You have worked hard to build your fortune and minimizing the portion that will go to the IRS is possible during your lifetime with smart estate planning. While there are a number of tax-avoidance strategies in estate planning, here we will discuss two that may be able to save you and your heirs a large sum in the long run. Gift Assets Giving away assets to family members and charitable […]

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Client Alert

Are you taking full advantage of this year’s new tax law?

A new tax law affecting the wealth transfer system became effective January 1st of this year. The new law, known as the Tax Cuts and Jobs Act (TCJA), offers a truly unique opportunity to transfer portions of your wealth to your loved ones with fewer tax penalties. Are you taking advantage of the new law? Tax exemption amounts increase This new law increases the annual tax exemption amount of federal estate, […]

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The S.A.L.T. Deduction Capped at $10k – Maybe Not!

Dear Clients, Colleagues, and Friends, California… A land of golden sandy beaches, ancient towering trees, world-changing innovation, perfect sunny weather… and taxes. Lots and lots of taxes One thing Californians could always count on, until recently, was that their state and local taxes (S.A.L.T.) could be deducted from their annual federal tax returns, easing what was already a hefty annual tax burden. This included an annual deduction for property taxes. […]

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Client Alert

Two ways charitable giving impacts your taxes

As you consider estate planning, you decide that one of your main goals is to leave much of your money to charity. It’s always been important to you, and you want to leave behind a legacy you can be proud of. At the same time, your goal is to reduce the amount of taxes you pay as much as possible. You want to do this legally, but you’re interested in […]

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Client Alert

Tax Cuts and Jobs Act Update

In our recent Client Alert, we provided a summary of salient parts of the Tax Cuts and Jobs Act of 2017. Under the section Pass-Through Businesses, we wrote: “Pass-through income exceeding the $315,000/$157,000 thresholds receives no 20% deduction.” We misstated the phase out provisions. Here is what we should have stated: · If taxable income is less than $157,500 (single filer)/$315,000 (married filing jointly) the 20% deduction is fully available. […]

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Client Alert

Tax Cuts and Jobs Act

What does the largest overhaul of the tax code in a generation mean to you, and how does it affect your planning? While this is a highly complex and voluminous law, read on for highlights and suggestions for planning wisely. Please contact our office to update your plan so that you gain maximum benefit from the new tax law and limit avoidable costs. Change to the Income Tax Brackets Under […]

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cutting money

Tax Change is Here: Here’s How to Plan for It

The dust is still settling, but here are the first impressions of our nation’s new tax structure. Some of the changes will mean opportunities for those with a plan in place. The first major American tax overhaul since 1986, the Tax Cuts and Jobs Act (TCJA) of 2017 has arrived. Congress has approved it, and now the bill will be sent to President Trump to be signed into law, expected […]

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The Proposed Tax Regulations to Stop Discounting Under IRC Sec. 2704 — What You Should Do and Do Now!

Dear Clients, Colleagues, and Friends, We write to inform you that the Treasury (IRS) just issued Proposed Regulations that could have a dramatic impact on your estate planning by eliminating valuation discounts. For wealthy people looking to minimize their future estate tax, this is critical. It can also be essential for others as well. If you are concerned about protecting a family business from the risks of future divorce, or […]

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Announcing New Video Release — The HYCET Trust® “Have Your Cake & Eat It Too”

Dear Clients, Colleagues, and Friends, In 2011, in response to the new $5M gift tax exemption, we introduced The HYCET Trust®. This trust allows you to reclaim the gift if you later need or want it back. The popularity of this trust has been nothing short of remarkable because of its multipurposes — flexibility, asset protection, and estate tax savings. We have just released our new video on The HYCET […]

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